NEW YORK CITY—Investment sales total dollar volume and transaction activity here were down in 2017, but analysts point to stronger results in the second half of last year as key indicators of better times this year.
Overall investment sales activity in Manhattan, Brooklyn, Queens and the Bronx totaled $31.9 billion (3,053 transactions) in '17, down approximately 40% from a year earlier, according to Coldwell Banker Commercial Advisors.
However, in the fourth quarter, a total of 718 transactions closed totaling a little more than $11.3 billion, which CBC points to as a clear sign that more investment in the retail market could be in the offing in the months ahead.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
